J.P. Morgan analyst Seth Seifman maintains $Howmet Aerospace (HWM.US)$ with a buy rating, and adjusts the target price from $105 to $125.
According to TipRanks data, the analyst has a success rate of 69.8% and a total average return of 13.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Howmet Aerospace (HWM.US)$'s main analysts recently are as follows:
Howmet Aerospace's Q3 results displayed strength, continuing to gain from rising airfoil spares volumes and pricing amidst challenges in the aerospace industry such as engine time on wing issues and subdued OEM production rates. The company is expected to outpace its end markets due to market share gains and pricing opportunities, alongside expanding margins and capital deployment that is anticipated to benefit shareholders.
The firm has noted that Howmet Aerospace's Q3 results were outstanding, showcasing robust pricing, a solid mix, and excellent execution. Furthermore, the Q4 guidance provided is anticipated to surpass the consensus.
Howmet Aerospace's Q3 earnings surpassed expectations, with its Engine Products segment acting as a catalyst for growth and margin expansion. Additionally, the Aftermarket segment contributes to growth and is expected to represent an increasing share of sales over time.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
